For eight years we were living fake lifestyle with huge debts from foreign and domestic debts–Sanusi

 

 

According to the report from the Vanguard, the former governor of the Central Bank of Nigeria, Dr. Lamido Sanusi gave President Tinubu the benefit of the doubt regarding the current economic hardship and argued that the previous administration’s debt-fueled “fake lifestyle” is to blame. He acknowledged that President Tinubu is not perfect, but he does not believe that he is responsible for the current economic situation. He stated that he would speak out against any future policies that he believes are harmful to the economy, but for now, he is choosing to be patient and give President Tinubu time to implement his policies.

He said, “If I am to be fair and just to President Tinubu, he is not to blame for the current hardship. For eight years, we were living a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 percent. I can’t join other Nigerians criticizing Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policies of the Tinubu administration in the future.”